Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Match the following-

LIST 1
LIST 2
(A) Five year plans, annual budgets (I) Economic policies
(B) National income, distribution of income (II) Economic planning
(C) Mixed economy (III) Economic structure
(D) Industrial, monetary and fiscal policy (IV) Economic indices

 Choose the correct answer from the options given below:

Options:

 A-I, B-II, C-III, D-IV

 A-II, B-I, C-III, D-IV

 A-III, B-II, C-I, D-IV

 A-II, B-IV, C-III, D-I

Correct Answer:

 A-II, B-IV, C-III, D-I

Explanation:
LIST 1
LIST 2
(A) Five year plans, annual budgets (II) Economic planning
(B) National income, distribution of income (IV) Economic indices
(C) Mixed economy (III) Economic structure
(D) Industrial, monetary and fiscal policy (I) Economic policies

The economic environment in India consists of various macro-level factors related to the means of production and distribution of wealth which have an impact on business and industry. These include:
(a) Stage of economic development of the country.
(b) The economic structure in the form of mixed economy which recognises the role of both public and private sectors.
(c) Economic policies of the Government, including industrial, monetary and fiscal policies.
(d) Economic planning, including five year plans, annual budgets, and so on.
(e) Economic indices, like national income, distribution of income, rate and growth of GNP, per capita income, disposal personal income, rate of savings and investments, value of exports and imports, balance of payments, and so on.
(f) Infrastructural factors, such as, financial institutions, banks, modes of transportation communication facilities, and so on.